How do Smartphone Exports Demonstrate the Incentive Programs Work in India?

1. How do Smartphone Exports Demonstrate the Incentive Programs Work in India?

2. Smartphone Exports from India In the first two months of 2023, smartphone exports from India crossed the US$2 billion mark, concerning strong government support and the growth of a local industrial ecosystem. Major technology companies, covering Apple and Samsung, have played a significant role in boosting these mobile exports through their contract manufacturers in India. The overall export value of India's smartphone exports exceeded US$9 billion between April 2022 and February 2023, according to, India export import data from the India Cellular and Electronics Association (ICEA), as reported by The Economic Times. This figure is nearly double that of the previous year's similar time. Since September 2022, India's smartphone manufacturers have exported handsets worth approximately $1 billion each month.

3. Smartphone exports from India under Make in India campaign Smartphone exports from India refer to the shipment of mobile devices manufactured within the country to international markets. The Indian government has been promoting smartphone manufacturing in the country since 2014 under the 'Make in India' campaign. In 2019, the government announced a new scheme called the Production-Linked Incentive (PLI) scheme, which aimed to incentivize local manufacturers to produce high-end mobile devices in India. Under this scheme, the government offers financial incentives to manufacturers for producing smartphones with a manufacturing value addition (MVA) of over 20% in India. Get export import data

4. Advantages of Smartphone Exports and Incentive Programs in India Smartphone exports from India offer several advantages, both to the domestic economy and the global market. For the Indian economy, it provides an opportunity to boost domestic manufacturing and create employment opportunities. The smartphone industry has the potential to generate up to 2 million jobs in the country, according to a report by Deloitte. Additionally, smartphone exports can help reduce the trade deficit, which is a major concern for the Indian government. On the global front, smartphone exports from India provide a reliable alternative to Chinese manufacturers, who currently dominate the global market. It also offers a diversification of the supply chain, reducing the risk of disruption caused by geopolitical tensions or pandemics. Incentive programs such as the PLI scheme provide a further boost to the industry by reducing the cost of production and improving the quality of the devices manufactured.

5. Current Market Statistics for Smartphone Exports India's smartphone exports have been steadily increasing over the past few years. According to India export import data from the Ministry of Commerce and Industry, smartphone exports from India grew by 132.2% in 2020-21 compared to the previous year. The country exported smartphones worth $2.7 billion in the fiscal year 2020-21, up from $1.2 billion in the previous year. The majority of these exports were to countries such as the UAE, the US, and the UK. Several Indian companies have also emerged as major players in the global smartphone market. Xiaomi, a Chinese smartphone manufacturer, has established a significant presence in India and currently holds the top spot in the country's smartphone market share. Other Indian companies such as Micromax and Lava have also been expanding their presence in the global market. Also know about US Import Data.

6. Conclusion The rise in smartphone exports from India is a testament to the effectiveness of these incentive programs and the country's potential to become a global manufacturing hub. If you require the export import data for smartphones or other technology, Seair Exim Solutions is the foremost website to analyze the India import export data, HS Code, and much more. We are also specialized to provide the US Import data in a precise way. Connect us to book a free demo today.

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